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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (8313)	9/20/1998 7:29:00 PM
From: Bernard Levy	Respond to of 12468

limtex, Steve B and others: I cannot let statements indicating we are facing the worst market downturn or economic crisis in history unchallenged. I was not around during the great depression, but I was around during the 73-74 period. During this time span all three economic blocks (US, Japan, Europe) went into recession at the same time. Commodity price inflation (oil and others) went through the roof, unions had a stranglehold over the US and European economies, government regulation and price controls were stifling many sectors of the economy which have been since deregulated (oil, gas, airlines, telco, banking, securities, utilities), government deficits were increasing... There is no way on earth that the current situation where two of the 3 economic blocks (US and Europe) are healthy is comparable. We have not been in a recession since 90-91, so a 99 recession is quite possible, accompanied by the normal decline in stock prices (in the tech sector most of the decline is behind us), but calling this period the worst in history is completely unjustified. As Gentleman-Boyle pointed out on the Yahoo thread, a recession would not be the end of the world for WCII, since RBOCS would probably slow down their xDSL capital expenditures. Competitors such as ARTT would find it difficult to raise capital. Please remember that although the 70s and early 80s were marked by economic stagnation and decline, it is during this period that the cable companies and competitive long distance carriers (MCI and Sprint) built their businesses. So, companies with superior business plans can succeed in any economic environment. Best regards, Bernard Levy

To: limtex who wrote (8313)	9/20/1998 10:15:00 PM
From: j.d.robbins	Read Replies (1) \| Respond to of 12468

Limtex, Not sure how old you are since your profile doesn't say anything about age or who you are and I usually don't read your messages because for some reason I think you are missing the boat and I don't want to fell bad with you. That said I have been in the market since early 1960 and this is just another part of the the on going process. If you can not handle the heat get out of the water and move to high and dry money market and stop trying to put the fear into the rest of us. Best of luck on your next stress test J.D.

To: limtex who wrote (8313)	9/20/1998 10:52:00 PM
From: bob glass	Respond to of 12468

Bill doesn't get scared. He gets concerned. Bill carries on. Sell? If and when he's ready. Plan, executing well. Market sucks. So what? I doubt we'll ever see 10 again, but if we did, I'd sell EVERYTHING to buy more. Frankly, I wish I had the cash to buy more now. Yes, if I had 20/20 hindsight, I'd have quintupled my gains. Who has the crystal ball to know when to sell and buy back? Not me (unfortunately). Oh well. I guess I'll just have to suffer with picking a winner and holding. Regards, BG

To: limtex who wrote (8313)	9/21/1998 12:52:00 AM
From: DreamWeaver	Read Replies (1) \| Respond to of 12468

<< So if we accept the assumption that this is likley to be one of the worst crashes in history then so what if we hold WCII for a bit longer.>> I don't think we are in for a "crash". Although sometimes you and SteveB (and others) can scare me. Listen though, if it does become bad in the market no one will want to be holding anything. "Panic" selling will set in, especially amongst us market speculators, and waiting for market bottom will become more difficult with every new day. P.S. As I write this there is plenty of Red so far "today" in the Asian markets.